Palau GDP 1970-2025

Palau GDP for 2023 was 263.02 million US dollars, a 8.54% increase from 2022.
  • Palau GDP for 2022 was 242.33 million US dollars, a 5.43% increase from 2021.
  • Palau GDP for 2021 was 229.86 million US dollars, a 11.99% decline from 2020.
  • Palau GDP for 2020 was 261.18 million US dollars, a 7.33% decline from 2019.
GDP at purchaser's prices is the sum of gross value added by all resident producers in the economy plus any product taxes and minus any subsidies not included in the value of the products. It is calculated without making deductions for depreciation of fabricated assets or for depletion and degradation of natural resources. Data are in current U.S. dollars. Dollar figures for GDP are converted from domestic currencies using single year official exchange rates. For a few countries where the official exchange rate does not reflect the rate effectively applied to actual foreign exchange transactions, an alternative conversion factor is used.